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BEIJING, May 4 (Xinhua) -- Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835.28 points.The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.Total turnover shrank to 141.55 billion yuan (20.7 billion U.S. dollars) from 191.91 billion yuan on the previous trading day.Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.

CANBERRA, May 15 (Xinhua) -- Visiting General Guo Boxiong, vice-chairman of China's Central Military Commission, and Australian Minister for Defense John Faulkner have vowed to strengthen exchanges between the armed forces of China and Australia.China and Australia shared common interests and desire in ensuring the peace, stability and development of the Asia-Pacific region, said a joint statement released by Guo and Faulkner Friday.The two sides hailed the development of their military-to-military relationship in recent years and said positive outcomes had been achieved through senior visits and exchanges in education, training and technical areas.Both sides agreed that strengthening open dialogue on defense and security issues between Australia and China was conducive to promoting bilateral relations.The statement said China and Australia were both pleased with the outcomes of the current visit and the opportunity it provided to further strengthen bilateral ties and military exchanges.The Sino-Australia defense relationship was an important part of bilateral ties and both sides would work concertedly to sustain sound and stable development in this regard, it said.Both countries should respect and take into full consideration each other's core interests and major concerns, and develop ties on the basis of mutual respect, equality and mutual benefit, the statement said. It said the two sides had also agreed to carry out more top-level visits to further promote mutual trust and discuss ways to boost the transparency of defence policies.Both sides said maritime security was crucial in keeping maritime trade routes open, and agreed to organize a joint maritime exercises with naval ship visits in the future and to continue exchanges on humanitarian assistance and disaster relief.The two countries agreed to enhance exchanges between the two armies and to push ahead exchanges of mid-level and junior officers in such areas as information sharing, peace-keeping, medical treatment and sports.Guo arrived in Australia on Tuesday for a four-day official goodwill visit at the invitation of Faulkner. He has already met with Australian Prime Minister Kevin Rudd and Foreign Minister Stephen Smith.

BEIJING, April 1 (Xinhua) -- China's average daily stock trading volume at the Shanghai Stock Exchange shrank 35.2 percent month on month to 96.85 billion yuan (14.2 billion U.S. dollars) in February, the People's Bank of China (PBOC) said Thursday.China's stock market was closed from Feb. 13 to 19, for the Spring Festival, the most important Chinese traditional holiday.Analysts held that trading was normally bleak in the Spring Festival month, as some investors preferred to cash in profits before going back to hometowns for family gatherings and some were cautious before the release of new economic data after the holiday.The Spring Festival fell in January last year. The daily average stock turnover was down 3.38 billion yuan to 65.4 billion yuan in January 2009 compared with December 2008, according to the PBOC.The benchmark Shanghai Composite Index edged up 110.58 points from Feb. 1 to 3,051.94 points on Feb. 26 this year, the last trading day in the month, the central bank said in a financial market report released Thursday on its official website.China's financial market kept its smooth run in January and February, said the PBOC.The Shanghai Composite Index gained 1.23 percent, or 38.32 points, to end at 3,147.42 points Thursday. The turnover at the Shanghai Stock Exchange was 154 billion yuan, showing investors' heartened confidence in economic recovery.Thursday's official figures revealed that the Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 55.1 percent in March, up 3.1 percentage points from February, the 13th straight month that the index was above 50 percent.

BEIJING, May 18 (Xinhua) -- Chinese Premier Wen Jiabao met here Tuesday with Director-General of the UN Educational, Scientific, and Cultural Organization (UNESCO) Irina Bokova.China attaches great importance to education, technological progress and conservation of cultural diversity from a strategic perspective, and is engaged in people's all-round development, all-round social progress and harmonious and sustainable development of the world, said Wen.Wen said China is willing to enhance cooperation with the UNESCO to jointly advance the lofty career concerning mankind's future.Chinese Premier Wen Jiabao (R) meets with UNESCO Director General Irina Bokova in Beijing, capital of China, May 18, 2010.Bokova described China as an indispensable partner of the UNESCO, saying the UN organization needs China's support and participation.Bokova hoped China could play a bigger role in promoting South-South cooperation, conserving cultural diversity and dealing with the global challenges.

STOCKHOLM, March 29 (Xinhua) -- Chinese Vice President Xi Jinping called on Monday for expanding Sino-Swedish cooperation to new areas when he held talks with Swedish Prime Minister Fredrik Reinfeldt.Xi said that relations between China and Sweden have maintained a good momentum of development with frequent exchange of visits at high levels, and close and active cooperation in trade and investment, environment protection, education, science and technology, culture and other fields. Chinese Vice President Xi Jinping (R) meets with Swedish Prime Minister Fredrik Reinfeldt in Stockholm, Sweden, March 29, 2010He said that his current visit to Sweden is meant to jointly celebrate the 60th anniversary of the two countries' establishment of diplomatic relations, with a view of further promoting practical cooperation between China and Sweden.To expand the mutually beneficial cooperation between the two countries, Xi said, both sides should strengthen dialogue at high levels, deepen trade and economic ties and increase people-to- people contact.He said that China welcomes Swedish King Carl XVI Gustaf to attend the celebrations of the 60th anniversary of China and Sweden establishing diplomatic ties when the king visits the Shanghai EXPO, which is slated to open on May 1.The Chinese side is willing to use the existing channels of dialogue to enhance mutual political trust and exchange views with the Swedish side on bilateral relations, international political and economic situations, the climate change, non-traditional security matters and other major world and regional issues, Xi said.Sweden has for long been pursuing the one-China police and has always supported China on issues related with Tibet and Taiwan, he said, China appreciates it and hopes Sweden will continue with it.Sino-Swedish cooperation can expand from the traditional areas of machinery building, car manufacturing, telecommunications, forest industry, household electric appliance and textiles to the new fields of eco-city construction, energy-saving and environment- protecting technology, biology research and banking, Xi said.China will renew the agreement on cultural exchange with Sweden, continue to support Chinese language teaching in Sweden and Confucius Institute improvement projects, encourage young people from both sides to participate more in exchange programs and increase the number of scholarships and government grants to students, the Chinese vice president said.